unit 1 Flashcards

1
Q

is sole trader got limited or unlimited liability

A

unlimited

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2
Q

is partnership limited or unlimited liability

A

unlimited

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3
Q

public limited company have

A

limited liability

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4
Q

private limited company have

A

limited liability

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5
Q

how do you get shares from a private limited company

A

by an agreement of the existing owners

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6
Q

the financial information of a private limited company is made

A

public

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7
Q

the financial information of a public limited company is made

A

public

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8
Q

who is the owner of a public limited company.

A

the person or group with the majority of shares.

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9
Q

a business is satisfying when

A

make just enough money to cover all costs

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